Golden Tag Resources Ltd.: Update on the San Diego Project
March 25 2020 - 12:33PM
Golden Tag Resources Ltd. (TSX.V: GOG) (the
"
Company" or “
Golden Tag”) wishes
to provide an update. The Company is pleased to announce that it is
now fully permitted to continue exploration work, including a drill
program, on its 100% owned San Diego silver-zinc project in
Durango, Mexico. The permitting process included the following
measures.
The Company has signed a new 5-year agreement
with Ejido San Diego, a Mexican communal municipal governance
committee which has stewardship over surface land usage in the
property area. The new agreement allows for Golden Tag to conduct
all types of exploration activities on its San Diego Property.
Golden Tag has also completed an environmental
impact assessment and filed an application for a permit with the
Mexican Environmental Agency (SEMARNAT), to drill up to 21 holes at
the San Diego Project. The permit was approved by SEMARNAT on March
13, 2020, granting the Company 2.5 years to complete the proposed
work.
An initial 2,000-meter drill program comprised
of 8 holes has been planned to focus on testing the near-surface
continuity of mineralization encountered during prior drill
programs in 2 target areas: the Trovador-MS and El Jal-Arroyo
Zones. Further information on both areas can be found in the
presentation on the Golden Tag website. The Company is uncertain as
to the timing for the commencement of work.
The Company’s 100% owned San Diego Project,
located in the Velardeña District of Durango Mexico, has been
advanced through 6 Phases of drilling which culminated in a
resource estimate completed by SGS Canada in 2013. The NI 43-101
Technical Report published in April 2013 as well as further
information on the property are available on the Company website
www.goldentag.ca.
About Golden Tag
ResourcesGolden Tag Resources Ltd. is a Montreal based
junior exploration company exploring for high-grade silver
deposits. The Company holds a 100% interest in the San Diego
property in Durango State, Mexico. For more information please
visit our website at www.goldentag.ca.
For additional information, please
contact:Marc A. Carrier, President & CFOPh: (514)
426-8542Fax: (514) 426-8543Email : pres@goldentag.ca
www.goldentag.ca
Cautionary Statement:
Statements in the release that are “forward-looking statements” are
based on current expectations and assumptions that are subject to
risks and uncertainties. Actual results could differ materially. We
undertake no duty to update any forward-looking statements to
conform the statements to actual results or changes in our
expectations.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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